Exhibit 12.1
Computation of Ratio of Earnings to Fixed Charges
FARO Technologies, Inc.
Three months ended | Year Ended December 31, | |||||||||||||||||||||
2007 | 2006 | 2006 | 2005 | 2004 | 2003 | 2002 | ||||||||||||||||
Pretax Income <loss> | $ | 4,025,069 | $ | 604,527 | $ | 9,776,406 | $ | 9,897,790 | $ | 15,289,165 | $ | 9,435,270 | $ | (1,804,831 | ) | |||||||
Interest Expense | 2,340 | 2,237 | 16,343 | 89,272 | 12,068 | 46,351 | 28,036 | |||||||||||||||
Interest Portion of Rent Expense | 304,117 | 329,100 | 1,316,400 | 922,400 | 660,400 | 459,200 | 401,600 | |||||||||||||||
ADJUSTED EARNINGS <LOSS> | $ | 4,331,526 | $ | 935,864 | $ | 11,109,149 | $ | 10,909,462 | $ | 15,961,633 | $ | 9,940,821 | $ | (1,375,195 | ) | |||||||
Interest Expense | $ | 2,340 | $ | 2,237 | $ | 16,343 | $ | 89,272 | $ | 12,068 | $ | 46,351 | $ | 28,036 | ||||||||
Interest Portion of Rent Expense | 304,117 | 329,100 | 1,316,400 | 922,400 | 660,400 | 459,200 | 401,600 | |||||||||||||||
FIXED CHARGES | $ | 306,457 | $ | 331,337 | $ | 1,332,743 | $ | 1,011,672 | $ | 672,468 | $ | 505,551 | $ | 429,636 | ||||||||
Ratio of earnings to fixed charges | 14.1 | 2.8 | 8.3 | 10.8 | 23.7 | 19.7 | N/A | |||||||||||||||
Insufficiency of earnings to cover fixed charges | $ | 1,804,831 | ||||||||||||||||||||